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Polsinelli

Congress Passes SBIC Reform Bill Expanding Private Capital and Leverage Limits

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Key Takeaways - The Senate passed the Investing in All of America Act of 2025 on April 15, 2026. The Act now awaits the President’s signature to become law....more

Mayer Brown Free Writings + Perspectives

Division of Corporation Finance Issues Exemptive Order for Certain Tender Offers

On April 16, 2026, the Division of Corporation Finance (the “Division”) of the U.S. Securities and Exchange Commission (the “SEC”) issued an exemptive order granting relief for certain tender offers from the requirement that...more

Cohen & Gresser LLP

Raising Capital: Private Placements

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This is the second of a new series of Cohen & Gresser client advisories on how to raise money in the U.S. capital markets. In the first advisory , we noted that private capital raising has dwarfed public capital raising in...more

A&O Shearman

ESMA releases reporting templates and instructions for the AAR under EMIR 3

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The European Securities and Markets Authority (ESMA) has published the reporting templates and instructions for the active account requirement (AAR) under the revised European Market Infrastructure Regulation (EMIR 3). The...more

Latham & Watkins LLP

Italian Council of Ministers Finalizes Amendments to Consolidated Financial Act and Civil Code

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In its meeting on March 27, 2026, the Italian Council of Ministers approved the Legislative Decree no. 47/2026 amending both the Consolidated Financial Act (Testo Unico della Finanza — CFA) and the provisions of the Italian...more

Latham & Watkins LLP

SEC Proposes to Narrow Exchange Act Rule 15c2-11 to Equity Securities Only

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The proposed amendments would codify what most market participants always understood, that Rule 15c2-11 applies to equity securities, not fixed-income instruments....more

Porter Hedges LLP

Don’t Wait Until Finals Week: Key Takeaways from the SEC’s Updated Enforcement Manual

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It is springtime, which means graduation season and finals week are approaching. While students prepare for exams on a predictable schedule, compliance professionals operate in a different reality - one where “exam time” is...more

Ropes & Gray LLP

SEC Cuts Minimum Tender Offer Period in Half for Equity Securities

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On April 16, 2025, the SEC’s Division of Corporation Finance (the Division) issued an exemptive order that significantly reduces the time certain tender offers for equity securities must remain open....more

Fried Frank

Chancery Rules Stockholder, through its Board Designee, May Have Conspired with Company Fiduciaries to Commit Fraud—Diem v....

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In Diem-II, LLC and Diem-III, LLC v. Maisonette (Mar. 4, 2026), the Delaware Court of Chancery, at the pleading stage of litigation, rejected dismissal of the plaintiffs’ claims that they had been fraudulently induced to...more

Baker Botts L.L.P.

The Law of War - Securities Litigation Risk in an Era of Armed Conflict

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Securities litigation may not be the first concern that comes to mind when war or armed conflict erupts. But in a legal environment where some observers quip that “[e]verything [e]verywhere is securities fraud,” public...more

Thomas Fox - Compliance Evangelist

AI Today in 5: April 17, 2026, The AI in Life Sciences Edition

Welcome to AI Today in 5, the newest addition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the AI Today In...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

New DOL Guidance Raises Legal Risk of ESG Investments

On April 1, 2026, the U.S. Department of Labor (DOL) published a technical release indicating that proxy advisory firms may meet the definition of an investment fiduciary and fall subject to the Employee Retirement Income...more

A&O Shearman

ASIC v Bekier: a landmark Australian decision on director and officer accountability

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In a significant corporate governance decision, the Federal Court of Australia has found the former chief executive officer (CEO), and the former company secretary and chief legal and risk officer (CLRO) of ASX-listed casino...more

Shumaker, Loop & Kendrick, LLP

Client Alert: FINRA Under Fire: New Lawsuit Challenges the Constitutionality of Its Enforcement Power

The Financial Industry Regulatory Authority's (FINRA) enforcement framework is again under scrutiny, as Boustead Securities, Sutter Securities, and former CEO Keith Moore filed a constitutional challenge in the U.S. District...more

Katten Muchin Rosenman LLP

Chairman Selig Goes to Capitol Hill: Key Takeaways on Prediction Markets, Crypto and Enforcement

Just over 100 days into his tenure, Commodity Futures Trading Commission (CFTC or the Commission) Chairman Michael S. Selig appeared before the House Committee on Agriculture on April 16 for a wide-ranging hearing that...more

Proskauer - The Capital Commitment

Risk #8: Opening the Gates: Retail Access to Private Funds and the Coming Regulatory Pressure Points

For decades, private fund strategies were the domain of institutional investors and the ultra-wealthy. That exclusivity is ending as private strategies migrate into retail vehicles designed to hold illiquid assets within a...more

Morrison & Foerster LLP

Red Flags Everywhere! – Ten Risks for Directors – Week 7

This series will serve as a lead up to MoFo’s upcoming Red Flags and Red Wine Tabletop program taking place in our Palo Alto office on May 7. Members of our Securities Litigation, Employment and Labor, and Capital Markets...more

King & Spalding

SEC Enforcement Under the Current Administration: Takeaways from the FY 2025 Results and the First Six Months of FY 2026

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On April 7, 2026, the SEC released its enforcement results for fiscal year 2025 (the “Release”). The Release is notable for both its explicit and aggressive criticism of the prior administration’s approach to enforcement, as...more

Thomas Fox - Compliance Evangelist

AI in Financial Services in 5 Stories - Week Ending April 17, 2026

Welcome to AI in Financial Services in 5 Stories. A practical weekly roundup of the five most important AI developments affecting banking, insurance, payments, asset management, and fintech. Each Friday, Tom Fox will break...more

Walkers

EU CryptoReg roundup: March 2026

Walkers on

Welcome to our EU crypto update - a roundup of key Irish and EU legislative and regulatory developments shaping the crypto-asset sector....more

Lowenstein Sandler LLP

Crypto Brief - Lowenstein Crypto Newsletter - April 16, 2026

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SEC Staff Issues Statement Exempting Certain Crypto User Interfaces From Broker-Dealer Registration - On April 13, the SEC’s Division of Trading and Markets issued a staff statement providing that specified providers of...more

Thomas Fox - Compliance Evangelist

Daily Compliance News: April 17, 2026, The We’re Not Busy Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News....more

Thomas Fox - Compliance Evangelist

AI in Healthcare: Five Healthcare AI Stories You Need to Know This Week - April 17, 2026

Welcome to AI in Healthcare in 5 Stories. This podcast is a Weekly Briefing of the five most important AI developments shaping healthcare, medicine, and life sciences. Each week, Tom Fox breaks down the latest stories on...more

Lowenstein Sandler LLP

Early Stage Funding Considerations — SAFEs and Convertible Notes

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In this episode of The Founder's Hour, hosts Laura Cicirelli and Eric Weiner discuss SAFEs and convertible notes as early stage funding options, explaining the similarities and differences between the two. They cover both the...more

Herbert Smith Freehills Kramer

2026 Predictions

In 2025, we were happy to see ASIC and ASX respond to industry calls by taking some steps to streamline the IPO process, in particular, ASIC’s introduction of new fast track reforms for IPO timetables. We consider the effect...more

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